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  • LatAm DCM bankers say they are expecting Mexican issuers CFE and Banorte to issue soon on the back of rating agency reports published late on Tuesday.
  • As the Mexican peso hovers around its strongest level since before Donald Trump won the US election last November, Grupo Kuo has announced fixed income investor meetings as it looks to refinance existing debt.
  • MSCI opened the door to A-shares in a landmark moment for China's reform and renminbi internationalisation agenda. Regulators, investors and analysts widely welcomed the decision, with many underlining that while initial impact of the inclusion may be limited, the first step has been taken to a rebalancing of global portfolios towards RMB assets.
  • Index provider MSCI decided it was time to include A-shares in its emerging markets index, making the announcement just before 5am Hong Kong time on June 21. Chinese onshore stocks will make up 0.73% of the MSCI Emerging Markets index starting May 2018.
  • The container lease ABS market continued to pump out new supply this week, with Textainer Marine Containers hitting the market for the second time this year and market players forecasting strong container trade growth over the next two years.
  • Orange, the French telecoms company, sold a third of its stake in UK peer BT Group on Monday night through a block trade and used another third to back an exchangeable bond in an attempt to “take a balanced approach when reducing its exposure”, a banker on the deal said.
  • Allied Irish Banks has narrowed the price range on its IPO, having attracted a strong response from investors. The flotation is now likely to raise €3.1bn at the upper end of the range.
  • Deutsche Telekom and a group of shareholders in Scout24, the digital classified advertising group, are in the market this evening to sell a possible €341.4m stake.
  • Andritz, the Austrian machinery maker, raised €400m in a dual tranche Schuldschein transaction this week. The large size — with tenors of seven and 10 years — illustrates commercial banks' growing willingness to lend for long.
  • The charging of four Barclays executives and the group itself on Tuesday after a UK Serious Fraud Office (SFO) investigation might, at last, satisfy the public desire to see bankers banged up. But it’s hard to see what else it will achieve.
  • SSA
    The eurozone could be strengthened by the addition of a “small fiscal capability” to deal with economic shocks, one of its leading financial officials said in a panel at Euromoney Global Borrowers' forum on Tuesday, as attention turns to reforming the eurozone — a cause championed by Emmanuel Macron, France’s new president.
  • American International Group (AIG) has launched a debut prime jumbo RMBS deal backed by collateral described by Fitch Ratings as among the strongest seen since the financial crisis.